Shanghai International Port Group to slow Yangtze investment
June 30, 2011 Category Inland river transport, Logistics
Shanghai International Port (Group) (SIPG) will slow its pace of investment in ports, terminals and related infrastructure along the Yangtze river after a massive spending boom in the past few years. SIPG Vice President Yan Jun said the company had spent CNY8 billion developing a network of ports and container handling facilities along China’s longest river. He believes this capacity is sufficient to meet “demand in the next two or three years”. “Further development will be dependent on demand,” he said on the sidelines of a conference organized by the Journal of Commerce. Jon Monroe Consulting, which has studied shipping and port facilities on the Yangtze river, estimated total container handling capacity along the upper reaches of the Yangtze would grow from 1.9 million TEU in 2009 to 7 million TEU by 2015, but even with the most optimistic forecasts actual throughput at these ports, including Chongqing and Yibin, would only reach 2.2 million TEU by 2015. Yan could not comment on the impact of competition from rail lines on container volumes along the Yangtze river, saying it would depend on the speed of development of container rail transport.
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